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Economics Atlas

Principles of Microeconomics

This course introduces students to the fundamental concepts of microeconomics, focusing on how individuals and firms make decisions in a world of scarcity. Students will learn to analyze market behavior, understand consumer and producer choices, and evaluate policy interventions. The course emphasizes both theoretical understanding and real-world applications, preparing students for advanced economics courses and informed citizenship.

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Foundations of Economic Thinking

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Economic Models and Thinking Like an Economist appears earlier in the syllabus and supports Demand: Consumer Willingness to Buy.Demand: Consumer Willingness to Buy appears earlier in the syllabus and supports Market Equilibrium: Where Supply Meets Demand.Market Equilibrium: Where Supply Meets Demand appears earlier in the syllabus and supports Market Interventions: Price Controls and Taxes.Market Interventions: Price Controls and Taxes appears earlier in the syllabus and supports Budget Constraints and Consumer Preferences.Budget Constraints and Consumer Preferences appears earlier in the syllabus and supports Production Functions and Short-Run Costs.Production Functions and Short-Run Costs appears earlier in the syllabus and supports Perfectly Competitive Markets: Characteristics and Short-Run Decisions.Perfectly Competitive Markets: Characteristics and Short-Run Decisions appears earlier in the syllabus and supports Monopoly: Single-Price Monopolist Behavior.Monopoly: Single-Price Monopolist Behavior appears earlier in the syllabus and supports Monopolistic Competition and Oligopoly.Monopolistic Competition and Oligopoly appears earlier in the syllabus and supports Externalities: When Markets Fail.prerequisite

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Economic Models and Thinking Like an Economist -> Demand: Consumer Willingness to Buy

Economic Models and Thinking Like an Economist appears earlier in the syllabus and supports Demand: Consumer Willingness to Buy.

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Economic Models and Thinking Like an Economist

Students will learn how economists use models to simplify complex reality and make predictions.

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Economic Models and Thinking Like an Economist: the core idea

Students will learn how economists use models to simplify complex reality and make predictions. The key thing to notice is: economic model as a deliberate simplification of reality. A useful example is Uber surge-pricing prediction model (simplified version released in 2022 blog post). Do not treat this as a vocabulary item; the point is to use it to reason about a new situation.

Where would Economic Models and Thinking Like an Economist show up in an everyday decision or news headline?

Look for the hidden relationship in the example: Uber surge-pricing prediction model (simplified version released in 2022 blog post).

Economic Models and Thinking Like an Economist: the core idea